# Binomial probability

1. The amounts of money requested on home loan applications at Federal Savings follow the normal distribution, with a mean of $270,000 and a standard deviation of $35,000. A loan application is received this morning. What is the probability:

a. The amount requested is $270,000 or more?

b. The amount requested is $300,000 or more?

c. The amount requested is between $265,000 and $365,000?

d. The amount requested is $365,000 or more?

2. Suppose 1.5 percent of the antennas on new Nokia cell phones are defective. For a random sample of 10 antennas, use the binomial distribution to find the probability that:

a. None of the antennas is defective.

b. Three or more of the antennas are defective.

c. At most 3 are defective.

d. All 10 antennas are defective.

https://brainmass.com/statistics/probability/binomial-probability-example-problem-230907

#### Solution Summary

The solution provides step by step method for the calculation of binomial probability. Formula for the calculation and Interpretations of the results are also included.